
Change Agent At Tata Consumer
Sunil D’Souza put all the pieces together — products, innovation and distribution — to turn around Tata Group’s FMCG business.
Sunil D’Souza put all the pieces together — products, innovation and distribution — to turn around Tata Group’s FMCG business.
The Tata Group company on Friday said that it ceased negotiations with Bisleri International over a potential acquisition.
Tata Consumer Products says it has now ceased negotiations with Bisleri with regard to a potential transaction.
Only 11% of the atta sold is branded. Just 5% of rice is branded, while 95% of sugar and 92% of pulses are sold loose
The Tata Group company is in talks to acquire Bisleri International in a deal worth ₹6,000-7,000 crore
The company’s revenue from operations for the quarter was up 11% at ₹3,363 crore for the quarter ended September, compared to ₹3,033 crore in the same period last year.
Consumers love certain products but are seeking healthier alternatives without compromising on taste, says Tata Consumer Soulfull CEO Prashant Parameswaran.
The conglomerates plan to ramp up their business as the FMCG sector is predicted grow at 14.9% CAGR until 2025.
The concept of selling premium teas through D2C channels has also caught the imagination of legacy tea manufacturers such as Tata Consumer Products
Alongside the aggressive growth strategy, the FMCG company has also set for itself stringent cost-saving targets.